Chicago-area business activity saw a modest acceleration in the pace of growth in the month of June, according to a report released by the Institute for Supply Management - Chicago on Friday, although the index of activity crept up by less than economists had expected.
The report showed that the Chicago business barometer inched up to 52.9 in June from 52.7 in May, with a reading above 50 indicating an increase in activity. Economists had expected the index to climb to a reading of 53.1.
by RTT Staff Writer
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